British legal and financial boutique Progeny has launched a discretionary investment management arm to bolster its position to work with high-net-worth families.
Dubbed Progeny Asset Management, the newly launched entity will be offering both bespoke and model portfolios for clients.
It will work with clients to navigate the financial markets by growing and preserving future wealth, the company said.
Progeny Asset Management will be spearheaded by directors Ian Hooper, Michelle Parkin and Jon Moody, and investment managers Craig Melling and David Battersby.
Commenting on the launch, Progeny managing director Neil Moles said: “Progeny Asset Management’s launch is a crucial milestone for Progeny. Their expertise and experience will benefit our wealth management service offerings to our client base.
“Progeny was born out of an ambition to create the first multi-service professional platform designed to match client goals with those of the professionals advising them.”